ATRStops_v1[1][1].1





/*-----------------------------+
|			       |
| Shared by www.Aptrafx.com    |
|			       |
+------------------------------*/

//+------------------------------------------------------------------+
//|                                                  ATRStops_v1.mq4 |
//|                                  Copyright © 2006, Forex-TSD.com |
//|                         Written by IgorAD,igorad2003@yahoo.co.uk |   
//|            http://finance.groups.yahoo.com/group/TrendLaboratory |                                      
//+------------------------------------------------------------------+
#property copyright "Copyright © 2006, Forex-TSD.com "
#property link      "http://www.forex-tsd.com/"

#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Red


//---- input parameters
extern int    Length=10;
extern int    ATRperiod=5;
extern double Kv=2.5;

//---- indicator buffers
double UpBuffer1[];
double DnBuffer1[];
double smin[];
double smax[];
double trend[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
  int init()
  {
   string short_name;
//---- indicator line
   SetIndexStyle(0,DRAW_LINE);
   SetIndexStyle(1,DRAW_LINE);
   IndicatorBuffers(5);
   SetIndexBuffer(0,UpBuffer1);
   SetIndexBuffer(1,DnBuffer1);
   SetIndexBuffer(2,smin);
   SetIndexBuffer(3,smax);
   SetIndexBuffer(4,trend);
//---- name for DataWindow and indicator subwindow label
   short_name="ATRStops("+Length+")";
   IndicatorShortName(short_name);
   SetIndexLabel(0,"Up");
   SetIndexLabel(1,"Dn");
//----
   SetIndexDrawBegin(0,Length);
   SetIndexDrawBegin(1,Length);
//----
   return(0);
  }

//+------------------------------------------------------------------+
//| ATRStops_v1                                                     |
//+------------------------------------------------------------------+
int start()
  {
   
   int shift,limit, counted_bars=IndicatorCounted();
   
   if ( counted_bars > 0 )  limit=Bars-counted_bars;
   if ( counted_bars < 0 )  return(0);
   if ( counted_bars ==0 )  limit=Bars-Length-1; 
     
	for(shift=limit;shift>=0;shift--) 
   {	
      smin[shift] = -100000; smax[shift] = 100000;
      for (int i = Length-1;i>=0;i--)
      {
      smin[shift] = MathMax( smin[shift], High[shift+i] - Kv*iATR(NULL,0,ATRperiod,shift+i)); 
      smax[shift] = MathMin( smax[shift], Low[shift+i] + Kv*iATR(NULL,0,ATRperiod,shift+i));
      }
	
	  trend[shift]=trend[shift+1];
	  if ( Close[shift] > smax[shift+1] ) trend[shift] =  1;
	  if ( Close[shift] < smin[shift+1] ) trend[shift] = -1;
	
	  if ( trend[shift] >0 ) 
	  {
	  if( smin[shift]<smin[shift+1] ) smin[shift]=smin[shift+1];
	  UpBuffer1[shift]=smin[shift];
	  DnBuffer1[shift] = EMPTY_VALUE;
	  }
	  if ( trend[shift] <0 ) 
	  {
	  if( smax[shift]>smax[shift+1] ) smax[shift]=smax[shift+1];
	  UpBuffer1[shift]=EMPTY_VALUE;
	  DnBuffer1[shift] = smax[shift];
	  }
	
	}
	return(0);	
 }





Sample





Analysis



Market Information Used:

Series array that contains the highest prices of each bar
Series array that contains the lowest prices of each bar
Series array that contains close prices for each bar


Indicator Curves created:

Implements a curve of type DRAW_LINE


Indicators Used:

Indicator of the average true range


Custom Indicators Used:

Order Management characteristics:

Other Features: